Apollo Global Management, Inc. (NYSE:APO) Short Interest Update

Apollo Global Management, Inc. (NYSE:APOGet Rating) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 13,070,000 shares, a growth of 23.2% from the March 15th total of 10,610,000 shares. Based on an average daily volume of 4,000,000 shares, the short-interest ratio is currently 3.3 days.

In other Apollo Global Management news, Director A B. Krongard acquired 1,375 shares of the business’s stock in a transaction dated Wednesday, February 16th. The shares were acquired at an average price of $67.23 per share, for a total transaction of $92,441.25. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.90% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of Apollo Global Management by 10.4% during the 4th quarter. BlackRock Inc. now owns 18,304,215 shares of the financial services provider’s stock worth $1,325,773,000 after acquiring an additional 1,725,787 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Apollo Global Management by 1.6% during the 4th quarter. Invesco Ltd. now owns 7,080,218 shares of the financial services provider’s stock worth $512,820,000 after acquiring an additional 109,087 shares during the last quarter. EdgePoint Investment Group Inc. increased its holdings in shares of Apollo Global Management by 15.7% during the 4th quarter. EdgePoint Investment Group Inc. now owns 5,489,803 shares of the financial services provider’s stock worth $400,975,000 after acquiring an additional 745,559 shares during the last quarter. Morgan Stanley increased its holdings in shares of Apollo Global Management by 36.4% during the 3rd quarter. Morgan Stanley now owns 5,368,971 shares of the financial services provider’s stock worth $330,675,000 after acquiring an additional 1,433,392 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Apollo Global Management by 16.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,956,014 shares of the financial services provider’s stock valued at $305,241,000 after purchasing an additional 704,373 shares during the period.

Several equities research analysts have commented on APO shares. Deutsche Bank Aktiengesellschaft cut their target price on Apollo Global Management from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, April 7th. Citigroup cut their target price on Apollo Global Management from $105.00 to $87.50 and set a “buy” rating on the stock in a research note on Tuesday, April 12th. StockNews.com started coverage on Apollo Global Management in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Oppenheimer upgraded Apollo Global Management from a “market perform” rating to an “outperform” rating and set a $64.00 target price on the stock in a research note on Wednesday, April 13th. Finally, Wells Fargo & Company cut their target price on Apollo Global Management from $85.00 to $71.00 and set an “overweight” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $83.17.

Shares of NYSE:APO traded up $1.53 during trading on Tuesday, hitting $58.29. 43,773 shares of the company were exchanged, compared to its average volume of 3,954,930. The stock has a market cap of $33.28 billion, a price-to-earnings ratio of 7.64, a P/E/G ratio of 0.59 and a beta of 1.59. Apollo Global Management has a fifty-two week low of $50.17 and a fifty-two week high of $81.07. The firm has a fifty day moving average price of $62.43 and a two-hundred day moving average price of $68.17. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APOGet Rating) last posted its earnings results on Friday, February 11th. The financial services provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The business had revenue of $597.50 million for the quarter, compared to analyst estimates of $568.54 million. Apollo Global Management had a return on equity of 17.30% and a net margin of 30.89%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, research analysts predict that Apollo Global Management will post 5.51 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, February 28th. Investors of record on Friday, February 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Thursday, February 17th. Apollo Global Management’s payout ratio is presently 21.53%.

About Apollo Global Management (Get Rating)

Apollo Global Management, Inc is a private equity firm specializing investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

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